Parliamentary Finance Committee: There is no longer enough time to finalize this year’s budget, and the government is moving towards preparing the 2027 budget.
2026-06-25
Shafaq News – Baghdad
On Thursday, Hussein al-Daraji, a member of the parliamentary finance committee, ruled out the possibility of the Iraqi government being able to finalize the budget for the current year due to the delay in its formation, noting that the current trend is towards preparing next year’s budget.
Al-Daraji told Shafaq News Agency that the remaining time in the second half of this year is insufficient for the government to prepare the 2026 budget for approval by the House Read more…
Rubio: Al-Zaidi sent good signals to Washington, and the issue of Iraqi sovereignty will top the agenda of his upcoming visit.
2026-06-25
Shafaq News – Manama
US Secretary of State Marco Rubio revealed on Thursday that Washington had received “good signals” from the Iraqi government headed by Ali Faleh al-Zaidi regarding the issue of armed factions, stressing that strengthening Iraq’s sovereignty would be the main focus of al-Zaidi’s upcoming visit to the US capital soon.
In response to a question from a reporter during a press conference held in the Bahraini capital, Read more…
“The Al-Jumaili Case”: Reports of large sums of money being found inside a split unit.
6-25-2026
Reports indicate that huge sums of money were found inside a “split” in Baghdad as part of the case of the detained Undersecretary of the Ministry of Oil for Liquidation Affairs, Adnan Al-Jumaili.
The news report stated that “the Central Anti-Corruption Criminal Court found huge sums of cash, estimated at $22.9 million, which were tightly hidden inside vertical air conditioning units in one of the apartments belonging to the former Undersecretary of the Ministry of Oil for Liquidation Affairs, Adnan Al-Jumaili.” Read more…
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Iraqi Dinar Guru opinions 6-24-2026
6-24-2026 Newshound Guru Jeff Let’s say you have a 25k note before the rate changes. A 25k note can buy one bag of groceries. After the rate changes, a 25 note will buy the same exact bag of groceries…The purchasing power the currency had before the rate changes will have the exact same purchasing power after the rate changes with smaller notes. The impact of it is outside the country, the investors like you and I because a 25,000 note…if the rate is $3, then the value would be $75,000 and a 25 note would be $75. Read more…
The Central Bank Governor emphasizes the importance of implementing the banking reform plan in accordance with international standards.
6-24-2026
Central Bank Governor Nizar Nasser stressed on Wednesday the importance of implementing the banking reform plan in accordance with international standards.
The bank stated in a statement that “the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, received the Chargé d’Affaires of the US Embassy in Iraq, Joshua Harris, who congratulated the Governor on assuming the position.”
The statement continued, “During the meeting, prospects for strengthening the strategic partnership and common Read more…
Al-Zaydi: Fighting corruption is at the top of my priorities, and procedures have already begun in every ministry and department.
6-24-2026
Prime Minister Ali Faleh al-Zaidi announced on Wednesday (June 24, 2026) that the relationship with the United States will shift from a military one to an economic partnership.
Al-Zaidi is scheduled to visit Washington in mid-July and meet with US President Donald Trump at the White House.
Al-Zaydi said in a press statement that: “Most factions have already begun handing over their weapons to the state,” indicating that “after the withdrawal of all American forces, there will be no Read more…
Al-Zaydi: There is no justification for the “resistance” to remain after the withdrawal of US forces.
2026-06-24
Shafaq News – Baghdad
Prime Minister Ali al-Zaidi said on Wednesday that there is no need for the “resistance” to remain after the withdrawal of US forces.
In his first media interview since taking office, with Hadley Gamble, IMI’s chief international broadcaster, he added that most armed factions have already begun handing over their weapons to the state, stressing that after the withdrawal of all American forces there will be no justification or need Read more…
State of Law: Al-Zaydi will not make any important economic decisions without the approval of the Coordination Framework.
6-24-2026
Information / Baghdad…
Former State of Law Coalition MP Rasoul Radhi confirmed that Prime Minister Ali al-Zaidi will not make sensitive and important economic decisions without the approval of the Coordination Framework, noting that the Framework has its own conditions for making such decisions.
Radhi told Al-Maalouma, “There is an agreement within the Coordination Framework that important and crucial decisions made by the Prime Minister must be made in consultation with the Framework and after obtaining Read more…
Parliamentary Finance Committee denies any intention to raise the exchange rate
6-24-2026
Information/Baghdad…
Member of the Parliamentary Finance Committee, MP Mudhar al-Karawi, confirmed on Wednesday that there is no current intention to raise the dollar exchange rate.
Al-Karawi told Al-Maalouma, “Until this moment, there are no confirmed indications from the government to proceed with raising the dollar exchange rate.” He pointed out that “the government and its financial arms are committed to stabilizing Read more…
MP: The session to complete the cabinet will be held after the end of the legislative recess, not before.
6-24-2026
For Information / Baghdad…
Member of Parliament, Mukhtar al-Youssef, confirmed on Wednesday that the extraordinary session to complete the vote on the vacant ministerial posts in the cabinet will be held after the current legislative recess ends, not before, due to the lack of a final agreement on the candidates nominated by the political blocs.
Al-Youssef told the Information Agency, “Parliament will schedule the extraordinary session to complete the al-Zidi government during Read more…
Iraq’s domestic debt rises to 95.7 trillion dinars, while its external debt declines.
2026-06-24
Shafaq News – Baghdad
Data from the Central Bank of Iraq, released on Wednesday, showed that domestic public debt rose to 95.7 trillion dinars by the end of April 2026, while external debt saw a decline on an annual basis.
According to bank data, which was reviewed by Shafaq News Agency, domestic public debt rose to 95.679 trillion dinars by the end of April of this year, compared to 90.515 trillion dinars recorded Read more…
Qatar is exploring the participation of Iraq and Iran in a Gulf meeting regarding Hormuz.
2026-06-24
Shafaq News – Middle East
Reuters reported on Wednesday that Qatari Prime Minister Mohammed bin Abdulrahman Al Thani discussed in Muscat the possibility of holding talks between Iran, the Gulf Cooperation Council, and Iraq regarding the Strait of Hormuz.
The agency quoted a source as saying that the talks between Iran, the Gulf states, and Iraq regarding Hormuz are separate from the talks between Iran and the United States. Read more…
Iraq calls on international companies to develop western gas fields and receive their dues following the Hormuz peace agreement.
2026-06-24
Shafaq News – Baghdad
Oil Minister Bassem Mohammed Khudair al-Abadi called on Wednesday for international companies working on developing oil and gas fields in Iraq to compete for the development of gas fields in the western region of the country.
This came during his attendance and sponsorship of the World Oil Companies Forum held at the Ministry of Oil building in the capital, Baghdad, as reported by Read more…
Al-Zaidi is rearranging the cards… an Armenian Christian to represent Iraq before Trump
2026-06-24
Shafaq News – Special Translation
Baghdad’s selection of Krikor Der Hagopian, a US-educated Armenian Christian advisor, to be Iraq’s ambassador to Washington shows that Ali al-Zaidi’s government is trying to reset “US-Iraqi” relations and boost the country’s diplomatic image, as he will be the first non-Shiite Iraqi ambassador to Washington in decades. Read more…
Nineveh: Agreement reached to complete requirements for operating Mosul Airport within 3 months
2026-06-24
Shafaq News – Nineveh
Nineveh Governor Abdul Qadir al-Dakhil announced on Wednesday that an agreement had been reached with the Iraqi Civil Aviation Authority to complete the technical and administrative requirements for operating Mosul International Airport, within a timeframe not exceeding 3 months.
Al-Dakhil said in a post on his Facebook page, which was followed by Shafaq News, that a meeting was held at the headquarters of the Civil Aviation Authority, during which it was agreed that Read more…
The Kirkuk-Ceyhan oil pipeline will be ready for pumping within two weeks.
2026-06-24
Shafaq News – Kirkuk
On Wednesday, an official source at the state-owned North Oil Company revealed that the Iraqi-Turkish pipeline extending from Kirkuk to the Turkish port of Ceyhan has been prepared and equipped, confirming that trial pumping through the pipeline will begin within two weeks in preparation for resuming exports in a stable manner.
The source told Shafaq News Agency that “the North Oil Company has completed all the technical and engineering Read more…
Lowest in 7 months… Gold records unprecedented losses
2026-06-24
Shafaq News – Follow-up
Gold recorded unprecedented losses on Wednesday afternoon, the lowest since November 2025, as the price of an ounce fell below $4,000, according to Reuters.
These losses come after gold prices fell earlier today to their lowest level in nearly two weeks, affected by the rising dollar and increasing investor bets on Read more…
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Mandatory starting July 10th: Iraqi Customs activates electronic inquiry for commercial documents
2026-06-24
Shafaq News – Baghdad
The Iraqi General Authority of Customs announced on Wednesday the activation of the electronic inquiry feature for certificates of origin and commercial invoices issued by the Federation of Iraqi Chambers of Commerce, through electronic linkage with the ASYCUDA system, in order to verify the validity of the issuance of these documents and their adoption within the customs procedures.
According to a statement issued by the authority and received by Shafaq News Agency, addressed to traders, Read more…
Iraqi Dinar Guru opinions 6-23-2026
6-23-2026 Intel Guru Reset Intelligence Two years ago if you ran a bank in Iraq and wanted to move a single dollar to New York you mostly could not. No western bank would clear it. The country was a compliance risk…This weekend it began to turn. Iraq’s prime minister walked into the CBI and handed it to the man who used to run the country’s anti-money laundering office. Just two days before the Global Financial Watchdog handed Baghdad a written list of nine fixes on a deadline. Clean the books. Trace every owner. Open the doors. Do that and the system lets Baghdad back in. This is not a theory. Eight months ago, Nigeria and South Africa did exactly this. They worked their way off the same watchlist. Almost overnight the correspondent banks came back. The extra scrutiny eased and Nigeria alone pulled in around $30 billion of investment that had been sitting on its hands…Getting off [that list] is the way back to the dollar and Iraq just stepped onto that path. Read more…
Assurances regarding the high dollar exchange rates in the Iraqi market
6-23-2026
The recent surge in the dollar’s price on the parallel market has brought back to the forefront concerns about the stability of the exchange rate in Iraq, after the selling price exceeded 157,000 dinars per 100 dollars. This development has raised widespread questions among citizens and traders about its real causes and whether it reflects anticipated changes in monetary policy or is merely a temporary response to the atmosphere of regional tension and market speculation.
Despite the rise recorded in recent days, economic and financial experts confirm that official indicators do not reflect any change in the approved exchange rate or in the state’s monetary policy, attributing what is happening Read more…
